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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. Slovakia is the second largest export market after 30 years, the fifth largest import market. The Czech Republic was among the EU countries with the highest inflation in February, according to the analysis. Median: Czechs most often protect themselves against inflation by investing in gold. The Czech economy entered recession in the fourth quarter of last year. The EU should produce more green technologies and key raw materials, the EC proposed. The Russian Central Bank will extend restrictions on capital movements. The average wage in the Czech Republic reached 40,353 crowns last year, but fell in real terms. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. The priority of MEPs for the next EU summit is the competitiveness of the economy. According to the spokesperson, the CNB does not work with materials with the highest level of secrecy. EBRD: Forecasts of an early interest rate cut in Central Europe are optimistic. The inflation rate in Argentina exceeded 100 percent for the first time since the early 1990s. Mayors are upset that the revenue from the increased property tax would go to the state. Bloomberg: Musk has returned to the position of the richest person in the world. The head of Exxon criticized the EU's energy policy, saying it went too far. Companies convicted of insurance fraud will probably not have access to contracts. Inflation in the US slowed to six percent in February, the lowest since September 2021. In 2035, 51 percent of people in the world may be overweight or obese, experts warn. The CNB today left the credit market protection rate unchanged.

Stock exchanges: UBS: China could control a third of the lithium market by 2025.

Finance: Survey: Half of young Czechs see investing as standard money management. Bloomberg: UBS asks for government support in case of Credit Suisse takeover. Police: Fake bankers force callers to take out loans and deposit money in a bitcoin wallet. CNBC: SVB is negotiating its sale because efforts to raise capital have failed. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. The American SVB has gone bankrupt, it is the largest bank collapse in the US since 2008. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. The Swiss bank UBS will take over rival Credit Suisse for three billion francs. US stocks closed mixed, banks weakened. SVB collapse may have an impact on regional US banks, some investors fear. Credit Suisse shares fell by 30 percent, main investor ruled out further aid. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe. Buffett's Berkshire Hathaway had a record operating profit last year. Credit Suisse shares fell by a quarter, main investor ruled out further aid. Credit Suisse rescue negotiations are dragging on, nationalization of the bank is also at stake. CBA: Mortgage volume in February increased by 20 percent month-on-month, rates fell. Bloomberg: US regulator is leaning towards splitting up the bankrupt SVB bank. ČSOB warned today about fraudsters who are abusing its logo. The British central bank is holding emergency talks over Credit Suisse. Swiss central bank to provide Credit Suisse with liquidity if needed.. HSBC to acquire UK subsidiary of bankrupt SVB for one pound. SVB collapse could impact regional US banks, some investors fear. Another US bank, New York's Signature Bank, has collapsed. European stocks plunge after two US banks collapse.